Joe Prevratil News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Columnist Harry Saltzgaver writes about the history and current plans for the Queen Mary.

- ADVERTISEMENT - In an announcement Tuesday, Singapore-based Eagle Hospitality Trust said it will sell 15 of the 18 hotels in its portfolio, including the Queen Mary, Sheraton Pasadena and Holiday Inn Anaheim for a starting price of $470 million in an auction set tentatively for May 20.  The city of Long Beach owns the Queen Mary but for decades has leased the ship to various operators, some of whom have met similar financial struggles. Alan Tantleff of FTI Consulting, who was appointed as the chief restructuring officer in the bankruptcy, said Eagle has received an initial bid for the en...

- ADVERTISEMENT - The ship’s future plunged into uncertainty on Monday when the entities under Singapore-based Eagle Hospitality Trust, which operates the Queen Mary and two dozen other hotel properties across the United States, filed for bankruptcy with a total of more than $500 million in debt. Long Beach has owned the century-old vessel since it arrived from Scotland in 1967 as a hotel and tourist attraction. For decades, the city has leased the ship to various operators who are charged with maintenance, and many of those operators have met similar financial struggles. Now, the Queen M...

- ADVERTISEMENT - More than two dozen hotels and other properties, including the Queen Mary, listed as entities under Singapore-based Eagle Hospitality Trust filed for bankruptcy on Monday in Delaware court with a total of more than $500 million debt, according to court records obtained by the Post. The filing comes as Eagle Hospitality has seen major financial problems since it halted trading on Singapore Stock Exchange in 2019 following a notice of default on a $341 million loan from Bank of America. The City of Long Beach, which owns the Queen Mary, in a statement on Tuesday said official...